South Korea’s LG Chem Ltd. plans to invest US$4.5bil (RM18.51bil) in the US by 2025 and hire 10,000 workers to expand battery capacity.
LG Energy Solution developed the plan over the last year to meet growing demand for electric vehicles in the US, the company said by email Thursday. It’s also eyeing President Joe Biden’s climate agenda, which aims to increase consumer incentives for EVs and electrify the US government’s fleet.
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